The Board of Directors of Southern Packaging Group Limited announced a profit warning statement in respect of the unaudited financial results of the Company and its subsidiaries for the financial year ended December 31, 2014. The Group expects to report a loss in its unaudited financial results for FY2014. Based on the preliminary financial figures, the loss expected to be reported in FY2014 is primarily attributed to: the share of loss arising from an associated company and the impairment in the carrying value of the investment in the said associated company; and the lower demand for packaging materials in the People's Republic of China coupled with higher operating costs.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.575 SGD | +2.68% |
|
-.--% | -4.17% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.17% | 29.96M | |
-1.45% | 13.72B | |
-13.92% | 6.64B | |
+32.40% | 1.47B | |
+15.75% | 1.45B | |
-20.73% | 1.17B | |
+7.23% | 1.05B | |
-32.08% | 899M | |
+79.99% | 890M | |
+14.17% | 873M |
- Stock Market
- Equities
- BQP Stock
- News Southern Packaging Group Limited
- Southern Packaging Group Limited Announces Earnings Guidance for the Financial Year Ended December 31, 2014